Merit Medical Systems Inc (MMSI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 155,693 | 123,944 | 87,563 | 60,916 | -1,562 |
| Total assets | US$ in thousands | 2,418,600 | 2,325,240 | 1,663,970 | 1,648,290 | 1,664,400 |
| Operating ROA | 6.44% | 5.33% | 5.26% | 3.70% | -0.09% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $155,693K ÷ $2,418,600K
= 6.44%
The operating return on assets (Operating ROA) of Merit Medical Systems Inc has shown a significant improvement over the past five years. Starting at a negative figure of -0.09% at the end of December 2020, the company managed to turn around its performance and achieve positive Operating ROA figures of 3.70% by the end of December 2021.
Subsequently, Merit Medical Systems Inc continued to strengthen its operational efficiency, evidenced by a steady increase in Operating ROA to 5.26% by the end of December 2022, and further improvement to 5.33% by the end of December 2023. The most recent data point at December 31, 2024, shows a notable increase in operating efficiency with an Operating ROA of 6.44%.
This upward trend in Operating ROA indicates that Merit Medical Systems Inc has been able to effectively generate operating profits relative to its assets over the years, showcasing improved operational performance and potentially more effective asset utilization. It suggests that the company has been successful in enhancing its profitability and efficiency in utilizing its assets to generate earnings.
Peer comparison
Dec 31, 2024